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The United States Securities and Exchange Commission (SEC) has filed an action against Terraform Labs PTE, Ltd., and its co-founder and CEO, Do Kwon, seeking an order directing them to comply with investigative subpoenas for documents and testimony. Terraform Labs launched the Mirror Protocol in 2020, through which users may create and trade digital assets…

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The UK Financial Conduct Authority (FCA) today published information for former customers of Finteractive Ltd (trading as FXVC). Let’s recall that, in April 2021, the FCA imposed requirements on Finteractive, preventing it from carrying on any further regulated activities in the UK. The FCA has since become aware that former customers of Finteractive have been…

Read More “FCA warns former FXVC clients about scammers” »

Electronic trading major IG Group Holdings plc (LON:IGG) today announced the successful completion of a comprehensive debt refinancing exercise and implementation of a long term funding structure. These important steps are set to: give IG additional, significant levels of liquidity, to further support the Group’s strategic growth ambitions; lengthen the maturity of the debt facilities,…

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Online trading major Interactive Brokers keeps expanding the capabilities of PortfolioAnalyst, a solution that consolidates, tracks and analyzes one’s complete financial performance. The latest set of enhancements concern the Configuration Tab. It allows users of PortfolioAnalyst to create amount or percent target allocations for asset and sub-asset classes. Also, Custom benchmark configuration has been moved…

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The London Metal Exchange (LME) has announced the passing of former LME Chairman, Sir Brian Bender KCB. Sir Brian was the LME Chairman from 2010 until his retirement in 2019. He steered the LME through a transformative period leading up to and following its acquisition by HKEX Group in 2012. The LME announcement says: “It…

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HSBC Singapore today announced that it has entered into an agreement with Saxo Bank A/S to adopt its end-to-end, self-directed trading infrastructure for equities investments. The collaboration will enable HSBC Singapore to strengthen its equities investment offering to all retail banking customers, including those residing overseas. By incorporating Saxo’s trading infrastructure to HSBC Singapore’s digital…

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FNG Exclusive Interview… Continuous innovation has been the lifeblood of the modern FX industry and this, along with rapid technological development seen in recent years, has been crucial for sustained industry growth. We thought that this would be a good opportunity to catch up with Managing Director and Global Head of FXCM Pro Sales Mario Sanchez, and…

Read More “FXCM Pro focusing on the future: innovation will continue to drive the trading industry in 2022” »

The Australian Securities and Investments Commission (ASIC) announces that it has cancelled the Australian financial services (AFS) licence of Future Asset Management International Ltd (FAMI). The cancellation is effective 5 November 2021. ASIC cancelled the licence because FAMI is in liquidation. FAMI has held AFS licence no. 424626 since 5 October 2012. The company is…

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German markets operator Deutsche Borse Group has announced some changes in the Management Boards and the Exchange Councils of the Frankfurt Stock Exchange and Eurex Deutschland. The Exchange Council of the Frankfurt Stock Exchange (FWB) has appointed Eric Leupold, Head of Cash Market at Deutsche Börse AG, as a new member of the FWB’s Management…

Read More “Frankfurt Exchange adds Deutsche Borse Cash Market head Eric Leupold to its Management Board” »

Cryptocurrency exchange Binance has suspended DOGE network withdrawals. This happens after Binance discovered a minor issue with on Binance after carrying out a version update on November 10, 2021. Binance says it is actively working with the DOGE project team to resolve the issue. DOGE network withdrawals will remain closed until this is fixed. Users…

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